Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$411,748$410,355
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$2,059$0
Note rate6.560%7.320%
Blended rate6.560%7.560%
1st payment$2,645.52$2,818.85
2nd payment$0.00$0.00
Taxes / mo$379.96$379.96
Insurance / mo$166.67$166.67
MI / mo$0.00$82.07
HOA / mo$25.00$25.00
Total monthly$3,217.15$3,472.55
Cash to close$44,202$45,595